Robert W. Baird Increases Amazon.com (NASDAQ:AMZN) Price Target to $155.00

Posted by on Aug 6th, 2023

Amazon.com (NASDAQ:AMZN) had its price target upped by investment analysts at Robert W. Baird from $150.00 to $155.00 in a report released on Friday, MarketBeat reports. The firm currently has an “outperform” rating on the e-commerce giant’s stock. Robert W. Baird’s target price indicates a potential upside of 11.06% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Piper Sandler raised their target price on shares of Amazon.com from $130.00 to $150.00 in a research note on Wednesday, June 7th. Benchmark upped their target price on Amazon.com from $130.00 to $170.00 and gave the company a “buy” rating in a report on Friday. Wolfe Research lifted their price target on Amazon.com from $140.00 to $150.00 in a report on Monday, July 10th. Rosenblatt Securities raised shares of Amazon.com from a “neutral” rating to a “buy” rating and upped their price objective for the company from $111.00 to $184.00 in a report on Friday. Finally, Piper Jaffray Companies boosted their target price on shares of Amazon.com from $130.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, June 7th. Three investment analysts have rated the stock with a hold rating and forty-five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.71.

Amazon.com Price Performance

Shares of NASDAQ AMZN opened at $139.57 on Friday. The firm has a 50-day simple moving average of $128.34 and a 200-day simple moving average of $111.11. The company has a quick ratio of 0.69, a current ratio of 0.92 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $1.43 trillion, a price-to-earnings ratio of 109.90, a price-to-earnings-growth ratio of 2.46 and a beta of 1.26. Amazon.com has a 52 week low of $81.43 and a 52 week high of $146.57.

Insider Buying and Selling at Amazon.com

In other news, CEO Adam Selipsky sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total value of $63,135.00. Following the completion of the sale, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Amazon.com news, VP Shelley Reynolds sold 3,100 shares of the company’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $115.60, for a total value of $358,360.00. Following the sale, the vice president now owns 119,780 shares of the company’s stock, valued at $13,846,568. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Adam Selipsky sold 500 shares of Amazon.com stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $126.27, for a total value of $63,135.00. Following the transaction, the chief executive officer now directly owns 152,780 shares of the company’s stock, valued at approximately $19,291,530.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 73,305 shares of company stock valued at $8,606,808. 12.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Amazon.com

Hedge funds have recently added to or reduced their stakes in the business. Bridgefront Capital LLC acquired a new position in shares of Amazon.com in the first quarter worth $228,000. Krane Funds Advisors LLC grew its holdings in shares of Amazon.com by 239.1% during the first quarter. Krane Funds Advisors LLC now owns 78 shares of the e-commerce giant’s stock worth $254,000 after buying an additional 55 shares in the last quarter. Range Financial Group LLC acquired a new position in shares of Amazon.com in the first quarter valued at approximately $258,000. My Personal CFO LLC purchased a new position in shares of Amazon.com during the first quarter valued at approximately $261,000. Finally, Worth Asset Management LLC acquired a new stake in Amazon.com during the first quarter worth approximately $191,000. 56.67% of the stock is currently owned by hedge funds and other institutional investors.

Amazon.com Company Profile

(Get Free Report)

Amazon.com, Inc engages in the retail sale of consumer products and subscriptions through online and physical stores in North America and internationally. It operates through three segments: North America, International, and Amazon Web Services (AWS). The company's products offered through its stores include merchandise and content purchased for resale; and products offered by third-party sellers.

Featured Articles

Analyst Recommendations for Amazon.com (NASDAQ:AMZN)

Receive News & Ratings for Amazon.com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Amazon.com and related companies with MarketBeat.com's FREE daily email newsletter.